Deficit-Reduction a Penny and Nickel at a Time

Summary


Most of the economic pundits complain that the consumer is not spending enough to pull the country out of its recession. TARP, Quantitative Easing, federal spending programs are all actions that have been tried with mixed results.

A while ago I heard another idea, one which will stimulate spending and at the same time reduce the deficit, and I'd like to expand on it.

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Extract


Deficit-Reduction a Penny and Nickel at a Time

The government should declare that pennies and nickels are now worth 10 cents each. We can't buy anything with a penny, and I have to ...

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